The Thai Commerce Ministry aims to boost meals exports by 10% in 2023, driven by growing demand and enhanced Thai standards for high quality, safety, and sustainable production processes.
Commerce Minister Jurin Laksanawisit introduced the target through the opening of THAIFEX-ANUGA ASIA 2023, anticipating meals exports to reach 1.55 trillion baht this yr, up from 1.36 trillion in 2022.
The meals and beverage event is set to run until Saturday, with over one hundred,000 attendees expected over 5 days. The occasion is anticipated to increase Thai meals exports, generating more than 70 billion baht price of transactions. This year’s event is the biggest since 2019, featuring over 3,000 companies and around 6,000 booths from 140 countries.
Jurin said…
“This yr, Thai food exports, together with agricultural merchandise and various money crops, are expected to fare fairly properly, with first rate costs.”
He added that rice exports are predicted to reach eight million tonnes this 12 months, alongside cassava and contemporary fruit exports. Land transport to China has improved through numerous border checkpoints similar to Youyiguan and Mohan.
However, the worldwide economic slowdown presents danger elements for this year’s exports.
Behind the scenes by the Thai Chamber of Commerce, the Federation of Thai Industries, and the National Food Institute revealed that meals exports have been valued at 346 billion baht within the first quarter of 2023, up by 10% year-on-year. The progress is attributed to rising global demand for meals merchandise, concerns about food safety, the struggle in Ukraine, and extreme weather conditions as a result of El Niño phenomenon. The easing of China’s strict zero-Covid restrictions also supported the growth of Thai meals exports.
Export products that gained within the first quarter included sugar, rice, rooster, and recent fruit. The National Food Institute expects exports of meals merchandise to contract within the second quarter from a high base the previous 12 months, then recuperate in the second half of the yr.
In the primary half, meals product exports are expected to reach 734 billion baht, down 1% year-on-year. The value is forecast to expand by 5.2% within the second half, with a total export value of 766 billion baht, reported Bangkok Post.
Visit Limlurcha, honorary president of the Thai Food Processors Association mentioned the personal sector is focusing on 3-5% growth in meals exports this 12 months..